Kairos Minerals Encouraged by First Drill Results from Mt York

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THE DRILL SERGEANT: Kairos Minerals (ASX: KAI) released initial assay results from an ongoing maiden drilling program underway at the company’s 100 per cent-owned Mt York lithium-gold project in the Pilbara region of Western Australia.

Kairos Minerals has completed 12 diamond drill holes to date for 2,996.2 metres and one RC hole for 132m for a combined total of 3,128.2m of drilling at the Old Faithful and Iron Stirrup gold deposits.

Assays have so far been received for holes KMDY001 and KMYD002.

Kairos explained KMDY001 was positioned to test an interpreted fold closure in the central part of the deposit between the western and eastern lodes.

This hole intersected only minor mineralisation but provided important structural information to better position subsequent holes.

KMYD002 was drilled a further 300m to the south and returned a thick intercept of strong near-surface gold mineralisation.

The best intersections were recorded in KMDY002 as follows:

11.92 metres at 3.57 grams per tonne gold from 10.25m down-hole, including 7.18m at 5.21g/t gold from 14m down-hole, and 1m at 20.5g/t gold from 15m down-hole;

14.62m at 0.59g/t gold from 102m down-hole, including 6.92m at 1.12g/t gold from 109.7m down-hole; and

6.9m at 1.13g/t gold from 140.46m, including 1.83m at 2.23g/t gold from 141.53m.

Kairos indicated the maiden drill program includes the first diamond cored holes ever drilled at the Old Faithful deposit in order to test the existing geological/structural model.

“The results confirm the presence of a parallel series of previously unrecognised steeply west-dipping lodes at the Old Faithful deposit suggesting that the structural setting at Old Faithful is akin to that of the nearby Iron Stirrup deposit, which was successfully exploited via open pit mining methods by Lynas Mining during the mid-1990’s,” Kairos Minerals said in its ASX announcement.

“This new interpretation significantly increases the potential for the mineralization to be extended both at depth and along strike.”

Website: www.kairosminerals.com.au

Doray Minerals making inroads at Deflector

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THE DRILL SERGEANT: Doray Minerals (ASX: DRM) provided the market with an update on proceedings at the company’s Deflector gold mine in Western Australia.

Doray Minerals is nearing completion of mining the open pit at Deflector with about 10 per cent of the identified ore to be removed, which has resulted in production reducing to a single (day) shift as the available work area decreases towards the base of the pit.

With the pit scheduled for completion in early 2017, Doray is currently evaluating a possible southern extension to the pit, however, the company indicated mining of any extension would be deferred to a later date.

Moving into the underground development stage of the mine, exposes high-grade primary sulphide ore and to that end, Doray said underground development is progressing on schedule with the decline and lateral access advanced 920m by the end of October.

The decline has now advanced to the 1182mRL, approximately 98m vertically below surface with a total of 200m of ore drive development within the Western and Central Lodes completed to date, in preparation for the commencement of stoping in early 2017.

During October, development of the first ore drives in the West Lode exposed high-grade primary sulphide ore on the 1200RL level.

This material will be stockpiled for treatment following completion of processing of oxide and transition ore.

Production of gold and concentrate from Deflector continues to ramp-up alongside optimisation of gold and copper grades and recoveries.

Doray explained the move from oxide to transition ore, along with ongoing metallurgical optimisation programs in the flotation circuit has provided improvements in both copper and gold recoveries.

The amount of native copper being recovered from the gravity circuit has decreased with a corresponding increase in the gold content of bullion being produced.

Doray is now looking at several options for realising the value of the gold in native copper middlings, including sale of the middlings product as-is and/or treatment to separate the copper and gold before subsequent retreatment into the concentrate and bullion respectively.

Samples of sulphide ore from underground, representing the majority of ore to be mined at Deflector, are being tested in preparation for the start of processing in early 2017.

“As predicted, gold and copper recoveries have increased markedly as we move into the transition ore and we are also seeing some very high-grade sulphide mineralisation being exposed with our first development drives,” Doray Minerals managing director Allan Kelly said in the company’s announcement to the Australian Securities Exchange.

“We are also excited to have commenced our first exploration drilling campaign since acquiring Deflector, targeting historic high-grade gold mineralisation at King Solomon/New Phoenix.”

Doray has just kicked off RC drilling on the King Solomon/New Phoenix target, approximately six kilometres from Deflector.

Doray describe King Solomon/New Phoenix as a series of three high-grade, narrow-vein, gold deposits previously mined as a small underground operation, which ceased in 2004.

Surprisingly, no systematic drilling has ever been undertaken on the prospect.

With the latest program, Doray is aiming to both extend the delineation of mineralisation away from the extent of historic workings, as well as to test for faulted offsets along strike of both the King Solomon and New Phoenix lodes.

It is expected that RC drilling will take approximately three weeks to complete.

Website: www.dorayminerals.com.au

Sayona Mining receives final assays from Authier drilling program

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THE DRILL SERGEANT: Sayona Mining (ASX: SYA) released assay results from the final ten diamond drill holes to be completed at the company’s Authier lithium project in Quebec, Canada.

Sayona Mining said all the diamond drill holes intercepted high-grade spodumene mineralisation.

Best intercepts, include:


Hole 09
38 metres at 1.1 per cent lithium dioxide (Li2O) from 192m, including 23m at 1.35 per cent Li2O from 192m;


Hole 11
46m at 1.26 per cent Li2O from 135m, including 24m at 1.62 per cent Li2O from 137m;


Hole 12
47m at 1.05 per cent Li2O from 161m, including 27m at 1.31 per cent Li2O from 167m;


Hole 13
24m at 1.25 per cent Li2O from 184m;


Hole 14
45m at 1.08 per cent Li2O from 148m, including 18m at 1.34 per cent Li2O from 171m;


Hole 015
20m at 1.32 per cent Li2O from 242m;


Hole 16
28m at 1.20 per cent Li2O from 158m, including 18m at 1.39 per cent Li2O from 162m; and


Hole 17
45m at 1.28 per cent Li2O from 190m, including 23m at 1.77 per cent Li2O from 190m.

Sayona explained that six of the latest drill holes tested the deep extensions of mineralisation at the main Authier pegmatite.

Another four tested the geometry of the Authier pegmatite at shallow levels in the eastern and central sectors in order to upgrade the resource categories from indicated to measured.

“The company believes the new drilling has the potential to expand the size of the existing JORC Resource, and the mineralisation remains open in all directions,” Sayona Mining said in the company’s ASX announcement.

“The company is pleased with the combination of thickness and high-grades of spodumene intersections reported from the drilling program.

“More drilling is planned for early 2017.”

Sayona indicated a new JORC Resource incorporating all the new assay results is being prepared and is expected to be included in the Pre-Feasibility Study, which is currently underway.

The mineralisation remains open in all directions and the follow up drilling being planned for early 2017 will be undertaken with the objectives of:

Defining the mineralised boundaries and lifting the resource categories in the western sector that was not accessible during the summer months;

Testing for mineralisation in the east and west strike extensions; and

Assessing the resource potential of the new northern pegmatite.

The company said any new mineralisation within the new pegmatite to likely fall within the main Authier open-cut pit shell, adding that any new resources will improve the waste to ore ratio in a future operation.

Email: info@sayonamining.com.au

Website: www.sayonamining.com.au

Vimy Resources updates Mulga Rock Ore Reserve

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THE DRILL SERGEANT: Vimy Resources (ASX: VMY) released an updated Probable Ore Reserve for the company’s 100 per cent-owned Mulga Rock project in Western Australia.

The updated Probable Ore Reserve for Mulga Rock comprises 18.7 million tonnes at 755ppm uranium for a total metal content of 31.2 million pounds (14,150t) of uranium.

Vimy Resources explained the Ore Reserve is derived from Mineral Resources of 67.8 million tonnes at 510ppm for total contained metal content of 76.8 million pounds uranium, which the company reported to the ASX earlier this month.

SRK Consulting (SRK) generated pit designs for Ambassador, Princess and Shogun using parameters defined in the Maiden Ore Reserve and updated mining costs and geotechnical parameters from DFS work completed to-date.

The pit designs contain 87 per cent of Probable Ore Reserves within the first 10 years of the mine life.

Probable Ore Reserves now underpin nine years of production based on the pit designs.

Vimy Resources explained the pit designs are based on all Mineral Resources and so contain a proportion of Inferred Mineral Resources.

The company went on to say there is a lower level of geological confidence associated with Inferred Mineral Resources adding there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources, or that production derived from Inferred Mineral Resources will be met.

Vimy emphasised, however, the Inferred Resource does not have a material effect on the viability of the project and does not contribute significantly to the early mine schedule.

“The Probable Ore Reserve Update for Mulga Rock will now form the foundation of the DFS mine schedule and mining engineering studies,” Vimy Resources CEO Mike Young said in the company’s announcement to the Australian Securities Exchange.

“It is a major milestone, one of many to come as we head toward completing the Definitive Feasibility Study.

“It also provides for a significant minelife allowing Vimy to continue discussions for product offtake and project financing.”

Email: info@vimyresources.com.au

Website: www.vimyresources.com.au

Musgrave Minerals kicks of diamond drilling at Break of Day

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) announced commencement of diamond drilling at the Break of Day gold prospect on the Cue project in the Murchison region of Western Australia.

The Cue project is a Farm-In and Joint Venture Agreement with Silver Lake Resources (ASX: SLR) where Musgrave can earn up to an 80 per cent interest.

Musgrave Minerals said the diamond drilling program will consist of reverse circulation (RC) pre-collars and eight diamond drill holes.

The objective of the diamond drilling will be to extend high-grade mineralisation at depth, confirm the geological interpretations and to obtain preliminary rock density data required for future resource estimation.

“First assay results are expected from mid-December,” Musgrave Minerals said in its ASX announcement.

“Musgrave’s objective is to increase the high grade gold resource to underpin studies that will demonstrate a viable path to development.”

The company said that in conjunction with the diamond drilling it will be carrying out RC drilling at the Leviticus and Break of Day South gold prospects, utilising the RC drill rig completing the diamond pre-collars at Break of Day.

Drilling will test a new sub-vertical interpretation for the gold lodes at two prospects; Leviticus and Break of Day South, both of which are very sparsely drilled, but are considered by the JV to have potential to host similar high-grade sub-vertical gold lodes to those discovered at Break of Day.

The Leviticus prospect is located approximately two kilometres south of Break of Day on the Break of Day shear.

Previous drill hole intersections at Leviticus include:

09MODD009;
4.8 metres at 26.8 grams per tonne gold from 58m, and;

09MODD009
3.5m at 16.4g/t gold from 65m.

Previous drill hole intersections at Break of Day South include:

11MORC026
3m at 5.6g/t gold from 106m down hole; and

MGRC150
8m at 1.8g/t gold from 45m down hole.

Musgrave said it believes there to be great potential to extend existing mineralisation and also discover new mineralisation within the project area, which has already been demonstrated by the recent success at Break of Day.

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au

Kibaran Resources produces superior-quality battery-grade graphite

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THE DRILL SERGEANT: Kibaran Resources (ASX: KNL) revealed it has produced superior-quality battery-grade graphite for the lithium-ion battery market using graphite from the company’s Epanko project in Tanzania.

Kibaran Resources claim the results to be extremely important as they demonstrate potential for the company to establish a downstream processing operation to supply the high growth lithium-ion battery market.

Samples of the battery-grade graphite, which was produced under commercial production conditions at a well-regarded graphite processing plant, have been sent to key anode manufacturers in Asia under the binding agreement and partnership the company has with leading graphite trader Sojitz Corporation.

Kibaran explained the tests were part of a Feasibility Study on the production of battery-grade graphite using product from Epanko.

Kibaran is specifically targeting the major anode manufactures outside China, where enormous growth in demand is expected on the back of the electric vehicle market.

The company declared the quality of its battery-grade graphite to be superior to that produced in China, adding that one major anode manufacturer has advised Kibaran the product’s analytical values even exceeded its high expectations.

Current demand for lithium-ion-battery-grade natural graphite is estimated at 48,000 tonnes per annum with all this material sourced from China.

Kibaran has sufficient quantity to distribute its samples all over the world, including to the important market of the US where Tesla dominates production of electric vehicles, and to Germany.

“Kibaran is capitalising on the strong forecast growth in demand for battery-grade graphite from the booming lithium-ion battery industry,” Kibaran Resources managing director Andrew Spinks said in the company’s announcement to the Australian Securities Exchange.

“With a focus on production of realistic quantities of high-quality battery-grade graphite at competitive costs, paired with environmental sustainability, Kibaran can be a leading non-Chinese supplier.”

Email: info@kibaranresources.com

Website: www.kibaranresources.com

Pioneer Resources mineralogy test confirm Pollucite

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THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) has received the results from a number of samples from the company’s 100 per cent-owned Pioneer Dome project, near Norseman in Western Australia.

Pioneers Resources said the samples had been analysed for qualitative mineralogy by XRD (X-ray diffraction) by Intertek Genalysis of Perth.

Drill hole PDRC015 returned:

6 metres at 27.7 per cent caesium oxide (Cs2O) from 47m and 7m at 1.52 per cent lithium dioxide (Li2O) from 52m.


Source: Company announcement

Pioneer claims the minerals that have been identified are consistent with those seen only in an extremely differentiated zone of a rare metal pegmatite system and include:

Caesium mineral species confirmed as Pollucite by XRD. At the grade reported from PDRC015, being: 6m at 27.7 per cent Cs2O, the samples have very low amounts of other gangue minerals; and

The Pollucite samples from PDRC015 are considered very high in cesium and importantly low in lithium, sodium, potassium, Rubidium, Arsenic and sulphur.

Pioneer explained that by confirming the mineralogy as Pollucite, the company is now able to progress its exploration with the knowledge that the caesium mineral present is the preferred feed material in the production of Caesium Formate, a high density fluid used in high temperature/high pressure oil and gas drilling.

Pioneer listed a number of well documented benefits of the presence of caesium.

These include minimal damage to the hydrocarbon-bearing formation resulting in higher production rates.

It also acts as a lubricant, is non-corrosive and is considered a benign chemical when compared to alternatives.

Pioneer Resources signalled its intentions to continue exploration within the Pioneer Dome for lithium and caesium with drilling recommencing later this week.

“Confirming the occurrence of the very high value caesium mineral Pollucite in PDRC015 provides encouragement for the company to delineate this zone more fully knowing that the system contains the preferred mineral for caesium formate production, which is much in demand,” Pioneer Resources managing director David Crook said in the company’s announcement to the Australian Securities Exchange.
 

Website: www.pioresources.com.au

Corazon Mining confirms cobalt with first Cobalt Ridge drilling program

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THE DRILL SERGEANT: Corazon Mining (ASX: CZN) has completed of a first phase drilling program at the company’s Mt Gilmore cobalt-copper-gold project in north-eastern New South Wales.

Corazon Mining said the drilling had targeted the high-grade Cobalt Ridge prospect, with 18 holes of reverse circulation (RC) drilling, reaching a maximum hole-depth of 174 metres, testing mineralisation to a vertical depth of approximately 130m.

According to the company the drilling program intersected extensive sulphide mineralisation with initial assessment of RC drill chips by hand-held XRF instruments confirming both cobalt and copper to be associated with the sulphide mineralisation.

All samples have been sent for laboratory analysis and results are expected to be returned before the end of November.

Corazon said the maiden drill program at Mt Gilmore was designed to confirm the continuity, position and extent of the cobalt-copper-gold mineralisation within the Cobalt Ridge prospect area, identified from previous drilling.

The company said the drilling supported historical mining and drilling results and has confirmed the presence of multiple zones of sulphide mineralisation over a strike length of 300m.

“The mineralisation remains open along strike and at depth,” Corazon Mining said inits ASX announcement.

“Geological assessment of the mineralisation has been encouraging, with multiple phases of brecciation and sulphide mineralisation interpreted.

“To enhance the understanding of the Cobalt Ridge system, core drilling will commence immediately.

“This drilling is designed to provide additional information for interpretation and modelling of the mineralisation, as well as provide sample material for petrological and metallurgical test work.”

Email: info@corazon.com.au

Website: www.corazon.com.au

Tyranna Resources identifies Campfire Bore gold structure at depth

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THE DRILL SERGEANT: Tyranna Resources (ASX: TYX) released assay results from a further 18 reverse circulation (RC) holes drilled at the Campfire Bore gold prospect, which is part of the Jumbuck gold project in the Northern Gawler Block of South Australia.

Tyranna Resources is manager of the Western Gawler Craton Joint Venture, which includes WPG Resources Ltd (ASX: WPG) and Coombedown Resources Pty Ltd.

The company said the latest drilling had combined with previous results at Campfire Bore to indicate the targeted structure is continuous along strike.

Holes 16CBRC034 to 16CBRC051 were drilled to test different possible orientations of gold bearing structures discovered by Tyranna earlier in 2016.

Tyranna explained that, historically, Campfire Bore has been the target of multiple generations of drilling, however the orientation of the ore zones has never been clearly understood.

It went on to say that these results appear to have identified the prevailing strike of one of these structures and it has opened up the possibility that many parallel structures exist.

Best Intersections include:

16CBRC038
14m at 2.67 grams per tonne gold from 74m;

16CBRC035
16m at 1.55g/t gold from 46m, including 1m at 11.5g/t gold;

16CBRC040
6m at 2g/t gold from 35m; and

16CBRC044
11m at 1.7g/t gold from 33m.

“With these results adding to previous drilling and geological modelling at Campfire Bore, we are uncovering a multi zone structure that is mineralised in all directions and along 800 metres strike that could extend further,” Tyranna Resources managing director Bruno Seneque said in the company’s announcement to the Australian Securities Exchange.

“Campfire Bore is developing as a potential gold project discovery and we are looking forward to further enhancing the scale with targeted drilling now that we have more understanding of the geological model.”

Email: info@tyrannaresources.com

Website: www.tyrannaresources.com

Investigator Resources confirms Nankivel target

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THE DRILL SERGEANT: Investigator Resources (ASX: IVR) claimed that assay results and petrological studies of the recent first diamond drill hole drilled at the Nankivel prospect have confirmed the breakthrough discovery of a large porphyry system with copper and gold potential on the northern Eyre Peninsula in South Australia.

The Nankivel prospect lies along an interpreted structural connection three kilometres southeast of the company’s 33 million ounce Paris silver deposit.

Investigator Resources claimed the assay and microscope petrology results had verified the first hole to be drilled at Nankivel to be on the margin of a copper-gold mineralised porphyry system of Olympic Dam age.

The company said the drilling was very encouraging as it had immediately upgraded the Nankivel porphyry copper-gold target, increasing it to be a large untested 1.5 kilometre by 1km area.

Investigator described the drilling result as being a wide intersection of prospective porphyritic monzodiorite with multiple intrusive phases, including abundant actinolite-epidote-chlorite alteration and pyrite mineralisation.

The hole returned narrow one metre intervals of elevated copper (to 0.19 per cent copper) and gold (to 0.47 grams per tonne gold), which coincide with zones of stronger potassic and phyllic alteration and veins typical of mineralised zones that form porphyry deposits.

“Finding a mineralised porphyry system of Olympic Dam age is challenging many of our geological colleagues,” Investigator Resources managing director John Anderson said in the company’s announcement to the Australian Securities Exchange.

“It is the first large porphyry system in South Australia, and the second new deposit style we have uncovered on the northern Eyre Peninsula in the past five years, following our pioneering discovery of epithermal silver at Paris.

“Breakthroughs such as Nankivel reset the geological framework and revitalise the discovery space in which we explore.

“And importantly for Investigator, it puts us in the box seat as first-movers to build on the Company’s work.”

Anderson said the copper and gold assays in the Nankivel hole, while on first impressions appear low grade, gained significance when combined with the equally important petrological analysis of the hole.

This combination confirmed the hole intersected the margin of a large porphyry system with copper and gold mineralisation in the correct alteration phase.

All the right mineralising processes are evident in the hole for a porphyry copper-gold deposit to have formed nearby.
Investigator considers this upgrades the adjacent Nankivel target that is delineated by the same low magnetic signature as the drilled mineralised zone.

“We pre-empted the assay and petrological verification of the exciting Nankivel copper-gold target by already undertaking three shallow holes to obtain more 3-D information close to the first drill collar,” Anderson explained.

“We also initiated an IP geophysical survey, as the usual targeting method for porphyry copper gold targets, to be undertaken over the entire target area in late November.

“Investigator is aiming to drill the new IP targets as early as possible in 2017.”

Email: info@investres.com.au

Website: www.investres.com.au